Location: Orlando-Kissimmee-Sanford, FL | Metro: Orlando-Kissimmee-Sanford, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,680 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $2,900 |
| 5 Bedrooms | $3,364 |
| 6 Bedrooms | $3,768 |
| 7 Bedrooms | $4,069 |
| 8 Bedrooms | $4,272 |
ZIP code 32872, located within the Orlando-Kissimmee-Sanford, FL MSA, has a Fair Market Rent (FMR) of $1,870 for a 1-bedroom apartment in FY 2024. Comparatively, the Orlando-Kissimmee-Sanford MSA's proposed FMR for a 1-bedroom apartment in FY 2026 is $1,731. This indicates that ZIP 32872 is slightly above the metro average, suggesting it may be a mid-tier neighborhood within the larger MSA.
The absence of specific market rent and home value data for ZIP 32872 makes direct comparisons challenging. However, given that the Orlando-Kissimmee-Sanford MSA's FMR is already significantly higher than the national average (81% above the US 1-bedroom FMR of $959), it can be inferred that ZIP 32872 likely maintains a similar trend, reflecting higher-than-average rental costs.
Additionally, without specific renter share data, it is difficult to determine if ZIP 32872 exhibits characteristics of a Section 8 sweet spot, such as a high renter share with below-metro home values. Nonetheless, the FMR of $1,870 for ZIP 32872 is indicative of a moderate rental market, aligning with the overall trend of the Orlando-Kissimmee-Sanford MSA.
To summarize, ZIP 32872 appears to be a mid-tier neighborhood within the Orlando-Kissimmee-Sanford MSA, characterized by slightly elevated rental costs relative to the metro average but without sufficient data to suggest it is either a value pocket or a premium sub-market. For landlords and small-portfolio investors, this ZIP code offers a stable, moderately priced rental environment.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.